JB Hi-Fi's whiteware exit all but wipes out first-half NZ earnings

Sun, 11 Feb 2018

By Paul McBeth Feb. 12 (BusinessDesk) - JB Hi-Fi's rejigged strategy for its New Zealand business all but wiped out first-half earnings on this side of the Tasman as the discount consumer electronics chain shut one store and quit selling whiteware goods. The New Zealand division reported negligible earnings before interest and tax in the six months ended Dec. 31, compared to $1 million a year earlier, which included $400,000 of costs from closing a store, and exiting and rebranding its JB Hi-Fi Home stores, the Melbourne-based company sa...

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